Calculate amount of subscriptions which will be treated as income for the year ended 31st March, 2018 for each of the following cases:

Particulars ₹

Case I.
(i) Subscriptions collected during the year ended 31st March, 2018

(ii) Subscriptions in arrears for the year ended 31st March, 2018
(iii) Subscriptions received in advance for the year ended 31st March, 2019
2,50,000
6,000
5,000

Case II. (i) Subscriptions collected during the year ended 31st March, 2018
(ii) Subscriptions for the year ended 31st March, 2018 collected in the year ended 31st March, 2017
(iii) Subscriptions unpaid for the year ended 31st March, 2018 49,000
3,000
2,000

Case III. (i) Subscriptions received during the year ended 31st March, 2018
(ii) Subscriptions outstanding in the beginning of the year ended 31st March, 2018
(iii) Subscriptions not yet collected for the year ended 31st March, 2018 25,000
3,000
5,000

Case IV. (i) Subscriptions received during the year ended 31st March, 2018
(ii) Subscriptions outstanding in the beginning of the year ended 31st March, 2018
(iii) Subscriptions not yet collected for the year ended 31st March, 2018
(iv) Subscriptions for the year ended 31st March, 2019 received in advance 80,000
5,000
8,000
2,000

Case V. (i) Subscriptions received during the year ended 31st March, 2018
(ii) Subscriptions outstanding at the end of the year ended 31st March, 2017
(iii) Subscriptions received in advance on 31st March, 2017
(iv)Subscriptions received in advance on 31st March, 2018
(v) Subscriptions not yet collected for the year ended 31st March, 2018
90,000
5,000
3,000
4,000

6,000

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Solution

Case 1

Statement of Subscription

for the year ended March 31, 2016

Particulars

Amount

(Rs)

Subscriptions collected during the year 2015-16

2,50,000

Add: Subscriptions-in-arrears for the year 2015-16

6,000

Less: Subscriptions received in advance for the year 2016-17

(5,000)

Subscriptions Income for the year 2015-16

2,51,000

Case 2

Statement of Subscription

for the year ended March 31, 2016

Particulars

Amount

(Rs)

Subscriptions collected during the year 2015-16

49,000

Add: Subscriptions collected for 2015-16 in 2014-15

3,000

Add: Subscriptions unpaid for the year 2015-16

2,000

Subscriptions Income for the year 2015-16

54,000

Case 3

Statement of Subscription

for the year ended March 31, 2016

Particulars

Amount

(Rs)

Subscriptions received during the year 2015-16

25,000

Less: Subscriptions outstanding in the beginning of 2015-16

(3,000)

Add: Subscriptions yet not collected for 2015-16

5,000

Subscriptions Income for the year 2015-16

27,000

Case 4

Statement of Subscription

for the year ended March 31, 2016

Particulars

Amount

(Rs)

Subscriptions received during the year 2015-16

80,000

Less: Subscriptions outstanding in the beginning of 2015-16

(5,000)

Add: Subscriptions yet not collected for 2015-16

8,000

Less: Subscriptions for 2016-17 received in advance

(2,000)

Subscriptions Income for the year 2015-16

81,000

Case 5

Statement of Subscription

for the year ended March 31, 2016

Particulars

Amount

(Rs)

Subscriptions received during the year 2015-16

90,000

Less: Subscriptions outstanding at the end of 2014-15

(5,000)

Add: Subscriptions received in advance on Mar. 31, 2015

3,000

Less: Subscriptions received in advance on Mar. 31, 2016

(4,000)

Add: Subscriptions not yet collected for 2015-16

6,000

Subscriptions Income for the year 2015-16

90,000

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